Well, here's one clue from Google Finance's weekly price data: in the three weeks before he sent the memo the price had dropped from $29.407 to $21.063 - a 28%

Well, here's one clue from Google Finance's weekly price data: in the three weeks before he sent the memo the price had dropped from $29.407 to $21.063 - a 28% drop. Oddly enough, the 3/23 Friday close of $17 (just after the memo went public) marked the bottom of that stock decline. A month later the stock closed up at $21.55. Generally speaking, warm fuzzy bosses don't mean spit to a stock's price, while layoffs can sometimes improve it. The perception that a division's managers are ineffectual, however, could hurt a lot. The story that a CEO was starting to kick managerial ass could improve investor's assessment of the company's chances. Certainly the price data supports the argument that the CEO's actions stopped the price erosion.